34788, Leesburg, FL

The 34788 zip code of Leesburg, FL is located in Central Florida and has a population of over 36,000. The median home value in this zip code is $187,500 which is significantly higher than the national median home value of $157,600. This high home value can be attributed to the many affluent families who reside in this area as well as the low unemployment rate and strong economy.

Home equity is an important part of many people's lives and can provide them with a significant financial cushion if they need it. Home prices are also an important indicator of the health of the local economy. In general, when there are more buyers than sellers, prices will rise due to competition for available homes. Conversely, when there are more sellers than buyers, prices will fall due to increased demand and limited supply.

Currently, there are more buyers than sellers in the 34788 zip code of Leesburg which is contributing to high home values. Additionally, the local economy is strong which has helped keep prices elevated despite low unemployment rates. However, if either of these conditions changes (more sellers or a weaker economy), then prices could potentially decline due to increased competition from other areas or less demand from buyers.